ING Group, N.V. $ING Shares Sold by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC cut its position in ING Group, N.V. (NYSE:ING) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,000 shares of the financial services provider’s stock after selling 10,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in ING Group were worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ING. SBI Securities Co. Ltd. lifted its holdings in ING Group by 135.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 912 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of ING Group in the second quarter valued at about $37,000. Maseco LLP purchased a new position in shares of ING Group in the second quarter worth about $48,000. Whipplewood Advisors LLC boosted its position in ING Group by 17.9% during the second quarter. Whipplewood Advisors LLC now owns 3,558 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 539 shares during the last quarter. Finally, MAI Capital Management raised its holdings in ING Group by 23.1% in the 1st quarter. MAI Capital Management now owns 4,190 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 785 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ING. Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. Weiss Ratings upgraded ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Barclays upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 15th. Finally, Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, ING Group has an average rating of “Buy”.

ING Group Stock Performance

NYSE ING opened at $26.30 on Wednesday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $82.78 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.87 and a beta of 1.05. The stock has a 50-day moving average of $24.97 and a two-hundred day moving average of $23.19. ING Group, N.V. has a 1-year low of $15.09 and a 1-year high of $26.41.

ING Group (NYSE:ING) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.35 billion. ING Group had a net margin of 26.94% and a return on equity of 11.57%. As a group, analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

About ING Group

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.